Beverly Hills 1/14/2010 1:37:15 AM
News / Business

China Hints As Alcoa Disappoints

Mark McMillan’s Special Situations blog, EQUITIES Magazine

Market strategist Mark McMillan gives his trade recommendations for the day and talks about what happened during yesterday’s session.

“The major index ETFs opened lower with different “personalities that finally synced up by early afternoon. The Dow was hit hard by Alcoa’s earnings miss and opened markedly lower but buyers stepped in to bid up DIA almost immediately. A similar pattern held for the Russell-2000. The S&P-500 and the NASDAQ both sold off for the first fifteen minutes before recovering and trading mostly sideways into late morning…”

To continue reading this post and to read more of Mark McMillan’s Special Situations, click here.

About Mark McMillan:

Mark McMillan entered the world of finance to solve the problem of why and more importantly when the markets will go up and down. He developed a behavioral model to understand what is really happening in the markets and uses it to time the markets. He also uses fundamental research to determine valuations for companies. He combines the behavioral and value strategies along with macro-economic analysis to build a portfolio with both long term and tactical positions.

About EQUITIES:

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

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